Jump to content
House Price Crash Forum
Sign in to follow this  
cgnao

Natural Gas Spiked 19% Today

Recommended Posts

The natural gas (US) price has now come close to the oil price. We'll see US power plants and industry switching FROM gas TO oil if this continues (which it will without Gulf of Mexico gas production if there's any actual damage) and that will lead to higher oil demand.

So, higher oil demand at a time of less production. Now, I wonder what that does to the price...

Share this post


Link to post
Share on other sites

Oil is measured in barrels and gas is usually is cubic feet or metres.

What pressure is the gas at? Because 1 cubic foot of gas at 1 bar obviously contains less gas than 1 cubic foot at 2 bar.

I know it's unrelated to the original point but I was just interested.

Share this post


Link to post
Share on other sites
Natural Gas is priced per gigajoule.

Thanks, but I'm talking not so much about the pricing of it but the 'quantifying' of it. Like when you hear that the North Sea has x million cubic feet/metres of gas.

What pressure are they talking about here?

Share this post


Link to post
Share on other sites
Guest magnoliawalls

Eventually, a significant natural gas price increase will push up the price of agricultural produce. Yields have a close relationship to nitrogen fertiliser inputs and natural gas represents about 50% of the cost of nitrogen fertiser.

Farmers are already suffering from tight margins and low profits - sooner or later an increase in input prices will be passed on to the consumer.

Share this post


Link to post
Share on other sites
Thanks, but I'm talking not so much about the pricing of it but the 'quantifying' of it.  Like when you hear that the North Sea has x million cubic feet/metres of gas.

What pressure are they talking about here?

it depends on where you are in the chain.

i dont know what pressure it is pumped out of the well, but industrial gas supplies tend to be between 0.1bar-0.3 bar ( 1.5 psi-5psi)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.